Dominica company formation is a legitimate corporate structure which, if properly structured, can house international tax-exempt profits. A Dominica company is also legally exempt from withholding tax, capital gains tax and value added tax (VAT).

There is no public register of shareholders, directors or beneficial owners with Dominica company formation, thus preserving Client confidentiality. In accordance with Section 112 of Dominica's IBC Act, it is an offence for anyone to reveal any information regarding a Dominica corporation, except when related to criminal activity.

Following Dominica company formation, no annual audited financial statements or tax returns are required. Thus, it is convenient and cost-effective to maintain a Dominica company in the long-term.

Healy Consultants can open a corporate bank account to support Dominica company formation in the jurisdiction of your choice. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.

Dominica company formation may be perceived as a tax haven structure.

A Dominica IBC cannot undertake banking, trust and insurance or re-insurance business without prior government approval. In addition, it cannot own property.

Dominica poorly ranks as the 37th least corrupt country in the world, according to the 2007 Corruption Perceptions Index by Transparency International.